With the rise of e-commerce and digital payments, payment fraud has become increasingly sophisticated, costing businesses billions annually. Effective fraud prevention strategies are essential, including tools for detection, secure payment orchestration platforms, and best practices to protect transactions. Common types of online payment fraud include identity theft, phishing scams, card-not-present (CNP) fraud, and chargeback fraud. Understanding these threats is the first step toward implementing robust fraud prevention solutions and detection systems. Businesses must adopt multi-layered security measures to mitigate risks and safeguard customer transactions. Continue here.
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